Massoud A Derhally

The deal is the largest investment by the Abu Dhabi sovereign wealth fund in South-East Asia's largest economy

Youth unemployment in the region reached 25%-27%, according to the Washington-based lender

The company has priced its shares between Dh2.45 and Dh2.65, implying an equity valuation of $5.5 billion to $6bn

Lender tells central banks to be 'vigilant' about inflation and warns of impact of uneven access to vaccines, Covid outbreaks and supply-chain disruption

Ethics dispute was the greatest challenge to the Washington-lender's reputation since 2011 when Dominique Strauss-Kahn was forced to step down

A brewing ethics scandal over alleged data manipulation during her tenure as chief executive at the World Bank has put pressure on Kristalina Georgieva's position as head of the fund

Region’s GDP is forecast to grow 2.8% in 2021 after contracting 3.8% last year

Allegations over irregularities related to data that rank countries in a World Bank survey have undermined the credibility of Kristalina Georgieva who had oversight of the index

The clean energy company will develop five solar power stations across the country that will generate 1GW of energy

Output in advanced economies is projected to return to pre-pandemic trends by 2022, but most emerging and developing countries will take many years to recover, says IMF chief

The OCI and Adnoc fertiliser joint venture is expected to start trading on the ADX later this month

Annual inflation soared to 123% in July, and the country's gross public debt reached $98.2bn at the end of May

The Riyadh-based $430bn fund will keep the majority stake of more than 50% in the telco

China's second largest property developer sells 20 per cent stake in a bank for $1.55bn

Total gross demand for the listing amounted to more than $34bn, implying an oversubscription of more than 31 times